French AI Giant Acquires Startup Co-Founded by Latvian Entrepreneur
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18 Articles
Mistral AI acquires Emmi AI to expand industrial AI push across Europe - Tech Startups
Europe’s race to build its own AI champions is moving deeper into factories, robotics, and semiconductor production. French startup Mistral AI said Tuesday it has acquired Austrian startup Emmi AI for an undisclosed amount, giving the company new technology focused […] The post Mistral AI acquires Emmi AI to expand industrial AI push across Europe first appeared on Tech Startups.
The French AI group Mistral will take over the industrial-application-specialised company for a total of three-digit million people.
It is the biggest deal in the local technology scene for a long time: Emmi AI, Linz's specialist in artificial intelligence, will be sold to the French tech giant Mistral by a mid-three-digit million. The three founders will be rich and the site in Linz will be expanded. It was only one and a half years ago that Emmi AI was founded in the vicinity of the Johannes Kepler University in Linz. In 2025, investors such as Speedinvest immediately recei…
The French nugget of the AI will integrate thirty researchers of this Austrian start-up, its second acquisition in three months. On the model of OpenAI or Anthropic, the French company accelerates on a new vertical dedicated to the AI.
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